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bill: a big deal, really big deal. by law the white house cannot be used for political functions and that was shot at the map room of the white house and byron york is a chief political analyst with the washington examiner and a fox news contributor. why is darrell issa pursuing this? >> it is unlikely that he will get very far with this. it started with a cheesy little enterprise, the president raffling off a dinner with himself and said, we'll have joe, too. and people said gee, that is the white house and you cannot raise money in the white house, but, previous administrations have used the white house as back drops for political ads, and it is seems more likely what darrell issa is doing here is he is not trying to nail the administration to some big crime but he's saying we're watching, and if you continue to do this and make bigger use of the white house in the 2012 campaign, we will be watching. bill: i see but you think it is a stretch for him to prove anything in this circumstance, you don't feel he has the go
bill: a big deal, really big deal. by law the white house cannot be used for political functions and that was shot at the map room of the white house and byron york is a chief political analyst with the washington examiner and a fox news contributor. why is darrell issa pursuing this? >> it is unlikely that he will get very far with this. it started with a cheesy little enterprise, the president raffling off a dinner with himself and said, we'll have joe, too. and people said gee, that is...
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there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the white house but is more about american people and the future they seek for themselves and their families. let's return to mark who has been listening to that. sorry to interrupt you earlier but we wanted to hear what john boehner was saying and almost at times was replicating the tone of president obama there. >> yes. there's so much about this debate that's ridiculous. it's hard to know where to start from an economic point of view. and first of all, boehner is talking about a crisis. the crisis completely manufactured, this is a debt ceiling that, as president obama
there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the...
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the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is
the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on...
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Jul 26, 2011
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and the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington, d.c. operated than every other business in america. while most american businesses make the hard choices to pay their bills, live within their means, in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested business as usual, he had another routine increase in the national debt, but we in the house said, not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge, a new health care bill that most americans never asked for, a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs and a national debt that has gotten so out of hand it sparked a crisis without pre
and the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington, d.c. operated than every other business in america. while most american businesses make the hard choices to pay their bills, live within their means, in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january...
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the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is
the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on...
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i mean, that's too big a number for everybody to really consider. so i broke it down to every family in the united states. every family's part of this $63 trillion of unfunded liabilities for medicare as it exists today is over $500,000. per family. $500,000 per family. of unfunded liabilities for medicare just in the next several decades. now, i don't know about most families but my family can't afford to pay $500,000 and neither can the government. mr. gingrey: if the gentleman will yield back to me for just a second and i've got a post that are points out just exactly what the gentleman from georgia, dr. broun, is saying. the c.b.o., if you look, colleagues, at the bottom of this poster, c.b.o. estimates individual and corporate income tax rates would have to rise by 90% through the year 2050 to finance medicare and medcare cade. and if medicare is not fixed, millions of workers today will lose the money that they have invested and indeed they have invested with that payroll tax over their many years of employment and i yield back. mr. broun: tha
i mean, that's too big a number for everybody to really consider. so i broke it down to every family in the united states. every family's part of this $63 trillion of unfunded liabilities for medicare as it exists today is over $500,000. per family. $500,000 per family. of unfunded liabilities for medicare just in the next several decades. now, i don't know about most families but my family can't afford to pay $500,000 and neither can the government. mr. gingrey: if the gentleman will yield...
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there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a compromise, some sort of deal is worked out. i am wolf blitzer washington, special coverage continues right now with "piers morgan tonight." >> thank you for chain with us. >> bible start with you, the talk of compromise, it seems cheat me that both of the equivalent of the bay of pigs, who will blink first? >> the president doesn't have to say because he doesn't have a boat. it was a moment to isolate the republican speaker of the house and urge him to try to change pass and find out to compromise. we heard him hawed speaker peter tight and say you work with the president. i a
there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a...
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in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here? boehner has two debt limit votes and reid has one. let's get it done. reid's plan also has deep cuts to the pentagon budget, and it assumes that the wars are going to eventually end in iraq and afghanistan on a date, right? now, boehner's problem with the reid plan is that it takes the big three right off the table. and, of course, the real republican two-step is to kill the new deal and defeat of president obama and create more opportunities for more tax breaks at the top. neither one of these plans tonight, it must be pointed out that th
in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here?...
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Jul 26, 2011
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we need to do big things and needed to have done big things. the fact the president won't agree with bigger things, maybe some blame is on us as republicans for not being flexible enough. but the fact is that the country needs to do these things. since we're not going to get a big thing done, the thing to do is do a small thing and try to get the country behind doing the big thing. >> the gang of six. do you have any agreement that was something that republicans could live with and do you think democrat woz have lived witness as well? >> i think some. my distaste is that it's better than nothing. it's far better than anything we've got there now. it's -- it in fact recognizes the we have to reform the tax code. there are some revenue increases in it. but the biggest problem why we're having trouble is because we zront a big friendly climate in this country that would stimulate all new jobs, last owe years have come from new business. new businesses have created and we're stifling that in terms of what we've done to credit market and regulations
we need to do big things and needed to have done big things. the fact the president won't agree with bigger things, maybe some blame is on us as republicans for not being flexible enough. but the fact is that the country needs to do these things. since we're not going to get a big thing done, the thing to do is do a small thing and try to get the country behind doing the big thing. >> the gang of six. do you have any agreement that was something that republicans could live with and do you...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended the clinton
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things that you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion...
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now utilizing the established senate procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it and i object to it and i expect an appropriate amount of time to consider whatever plan comes >> president obama called for a feeling congress that would raise the national debt ceiling. the president supports the plan by senate majority leader harry reid which includes $2.70 trillion in savings, no tax increases, and no cuts to social security or medicare. the president spoke from the east room of >> the government had a surplus but the money was spent on the two wars and expensive prescription drug program. as a result, the deficit was on track to top $1 trillion, the year i took office. to make matters worse, the recession meant that there was less money coming in and it required us to spend even more. on text cuts for middle-class families to spur the economy and unemployment insurance, and aid to
now utilizing the established senate procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it and i object to it and i expect an appropriate amount of time to consider whatever plan comes >> president obama called for a feeling congress that would raise the national debt ceiling. the president...
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the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business. i was amaze how different washington d.c. operated. most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and debt is business as usual. i got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another increase in the national debt but we said not so fast. hereby was the president asking for the largest debt increase in history. here is what we got for that spending binge. a new healthcare bill, a stimulus bill that is more effective in producing material for late night comedians than jobs and a national debt that sparked a crisis. the united states can't default on its debt obligations. the jobs of two many -- too many americans are at steak. the american will not accept an increase in the debt limit without cuts and reforms. over the last six months we have done our best to convince the presi
the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business. i was amaze how different washington d.c. operated. most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and debt is business as usual. i got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another increase in the national...
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15 minutes. the major difference is whether or not another vote will be required next year to deal with these problems. the speaker saying yes, indeed. up to congress to have another vote next year. the president saying he wouldn't go along with that. he doesn't want to put the country through that one more time. we're staying on top of this story. this is an historic night in washington, d.c. one week from tomorrow, the nation will have a serious default crisis unless there is a compromise. unless the deal is worked out in the coming days. our special coverage continues
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15...
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lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress gave him a debt ceiling increase 18 times. would you have voted no on every one of the 18 ronald reagan debt ceiling increases? >> lawrence, i'll give you an honest answer, i don't know. what's interesting to me is -- >> so there might have been a debt ceiling increase you might have voted for, just not a obama debt ceiling increase. >> no, no, no. 20 to 30 years ago, who knows. what i find interesting -- you're right in your history, why is the debt ceiling such a big issue now? and i guess my answer would be is because the crisis is s
lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress...
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so tomorrow evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman claire, the president asked the american people to call their congressmen, and we understand that some sites crashed, we're hearing that the server for the house is still down. what are you hearing? >> we're hearing from our constituents to make sure we don't have a default. we have to find a solution in a bipartisan way. i know there's two competing interests here, but i'm hoping that we get together and work something out. >> obviously congressman kinninger, a number of your colleagues said they would not support john boehner's plan, so i'm wondering i
so tomorrow evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman...
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no simple tom of big government more menacing than our debt. when we begin to liberate our economy and our future. we're up to the task, and i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so the speaker of the house, john boehner, giving his side, i suppose at the least, hearing the very different approaches that these two men have outlined to try to solve this problem. if nothing else, just underlines how far apart the two sides are, and they were very far apart going into this evening. we'll see what the impact of these two statements tonight on national television will have on this debate. but this is a problem, this is grid look that is far from being solved. this is a very different kind of situation that we've had in recent years in washington. most people in washington will tell you that the leaders are ready to deal, that speaker boehner is ready to deal, that barack obama is ready to deal, that the majority leader in the senate, harry reid and his counterpa
no simple tom of big government more menacing than our debt. when we begin to liberate our economy and our future. we're up to the task, and i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so the speaker of the house, john boehner, giving his side, i suppose at the least, hearing the very different approaches that these two men have outlined to try to solve this problem. if nothing else, just underlines how far...
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy jobs. the president is adamant that we cannot make fundamental changes to our entitlement programs. as the father of two daughters i know the programs won't be there for them unless significant action is taken now. >> the political wrangling. both obama and boehner were trying to get them to strike the deal. the sun has set on yet another day without agreement, meaning a default may be just a week away. >>> two very political speeches from president obama and house speaker john boehner, who back two very different plans to raise the debt ceiling. from president obama he clearly endorsed the
there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy...
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...
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cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we gave a little lesson to the people in washington because the debt crises is a lot easier to fix than this deal was autopsy tom more complicated business than the u.s. debt ceiling. they understand what real debt is. let's start football now. are you listening mr. boehner and president obama. we are list ink, it is rick harrow with harrow sports. thank you, sir. >> susie: in china, ambitious plans to expand its high-speed rail system are being scrutinized after a deadly wreck over the weekend. one train fell off a bridge after being derailed. 39 people were killed and almost 200 others in
cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we...
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expedia. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you. >>> quick look at the top stories on msnbc.com right now. the number one as you might have imagined, is president and speaker boehner going head to head last night on television. number two, man survives three days in a snake-infested manhole. number three, how to get in touch with extra-terrestrials, using your home radio. our producer rob gifford has answers to what you're doing up this morning. >> michelle in st. louis writes, i'm awake because my cat got stuck in a plastic so shopping bag and came running into my room to be freed at 4:25 a.m. >> people whose pets have been
expedia. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you....
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it was a big challenge. it took patience from us to manage to ask the experts in the constitution and the economy, and the big challenge is that the demands of the people has only political backgrounds, but their decisions would have the economic background and security background. so our decisions appeared has slowed to the people. but it was not slow. if you see the achievements and six months, you can see supra issue intrudes -- the biggest achievements. now people are recognizing that there is excess success we have the following procedure. polish that there is excess -- that there is success we have to follow and proceed. they have many demands. >> to you try to meet with them? >> have met with many factions of them. i am not saying that they are not good, but every group or person has his agenda, his demands, and it is absolutely -- no government in the world can respond to all of these collective demands. we have enough patience to deal with them and we are committed until this moment that the fire on
it was a big challenge. it took patience from us to manage to ask the experts in the constitution and the economy, and the big challenge is that the demands of the people has only political backgrounds, but their decisions would have the economic background and security background. so our decisions appeared has slowed to the people. but it was not slow. if you see the achievements and six months, you can see supra issue intrudes -- the biggest achievements. now people are recognizing that there...
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can they go right up to the 11th hour here. >> there's a big cost going to the 11th hour because you start to spook the markets. >> reporter: former fed governor ric mishkin points out when congress at first rejected the tarp financial rescue package in 2008 the dow plummeted nearly 800 points that day. >> boy, was it a disaster. when you go to the last minute and you're basically saying, you know, don't assume that we have responsible adults, well, that actually has huge, huge costs. we've seen this happen before. let's hope it doesn't happen now. >> reporter: economists say the risk of a default is remote, but the risk of a new recession is very real. if america has to slash its spending to stay under the debt ceiling, the recovery could be over and quickly. bob? >> schieffer: thank you very much, anthony. the accused mass killer in the oslo tragedy told authorities he was trying to call attention to what he called the threat of a muslim takeover of europe. today in the streets of oslo, there was an enormous outpouring of grief and sympathy for the victims and the killer's own fath
can they go right up to the 11th hour here. >> there's a big cost going to the 11th hour because you start to spook the markets. >> reporter: former fed governor ric mishkin points out when congress at first rejected the tarp financial rescue package in 2008 the dow plummeted nearly 800 points that day. >> boy, was it a disaster. when you go to the last minute and you're basically saying, you know, don't assume that we have responsible adults, well, that actually has huge,...
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i've heard spending cuts aren't a big deal, raise that debt ceiling so they don't hit the roof. and all of those notes and bonds that a lot of you hold and thinking to myself. we're afraid of these guys having a hissy fit? is that a way to conduct policy, gauging market reaction to it. don't get me wrong, i love this capital stm and remember, back in the fall of 2008. wall street melted down nearly melted down after congress initially rejected then president bush's first tarp request? you knnknow why they did that? it was a bailout for bankers and brokers, lets hat not read too much in the selective tantrums and to rescue who these guys think are fairs, namely their interests and not necessarily the country's interest. that's not to stay that wall street isn't and shouldn't be worried about our long-term future, it should. let's just say it spends a lot more time focused on its short-term future. there is a difference and we'd be wise to remember it and wall street, you would be wise to appreciate it because this isn't about momentarily protecting your assets and their price. th
i've heard spending cuts aren't a big deal, raise that debt ceiling so they don't hit the roof. and all of those notes and bonds that a lot of you hold and thinking to myself. we're afraid of these guys having a hissy fit? is that a way to conduct policy, gauging market reaction to it. don't get me wrong, i love this capital stm and remember, back in the fall of 2008. wall street melted down nearly melted down after congress initially rejected then president bush's first tarp request? you...
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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it's a big argument. he's actually trying to create the political room for his adversary in this fight. >> that's right. david gregory, watching from boston. it's not just the risk at fault but the credit rating that worries so many in the financial world. >>> we're getting ready to go to john boehner, speaker of the house, who, while demonized by the other side in all of this, has had a tough time with congress, especially newly elected members of the tea party, many of whom who don't buy the premise here. here is the house speaker. >> good evening. i'm john boehner. i serve as speaker of the whole house of members of both parties that you elect. these are difficult times in the life of our nation. millions are looking for work and have been for some time. and the spending binge going on in washington is a big part of the reason why. before i served in congress, i ran a small business in ohio. i was amazed at how difficult washington, d.c. operated than every other business in america. most american busi
it's a big argument. he's actually trying to create the political room for his adversary in this fight. >> that's right. david gregory, watching from boston. it's not just the risk at fault but the credit rating that worries so many in the financial world. >>> we're getting ready to go to john boehner, speaker of the house, who, while demonized by the other side in all of this, has had a tough time with congress, especially newly elected members of the tea party, many of whom who...
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. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess in the first place, talking about that. listening to all the floor speech, primetime addresses and press conferences you may actually think something is getting done. but if that was the case we'd have already raised the debt ceiling and moved on to restructuring bank, trade taxes in order to create jobs and prosperity for america. that's downright crazy. luke russert starts us off on capitol hill with the latest on the debt ceiling. >> reporter: the latest on the professional wrestling as you like to call it, right, dylan? >> where's the hulkster? right. >> r
. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess...
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a big question in that badly wounded nation, did he act alone? and there is a new death toll in this as well. nbc's martin fletcher has been covering the story from the start. he's with us tonight from oslo. martin, good evening. >> reporter: good evening, brian. norway's police today said fewer people have been killed than thought, not 93, but 76, with some still missing. that is small relief for a country that can hardly believe what just happened. anders breivik was brought to court this morning, the face of a mass killer. police described him as calm and unaffected. breivik admitted he carried out the killings but claimed he was not guilty. the judge ordered him held in custody for eight weeks, the first four in solitary confinement. an hour earlier, across norway, two minutes of silence for the victims. later, a mass in memory of the victims was canceled at the last minute, too many people came. >> i think we're trying to take the city back to show human energy after such a powerful and vicious act. >> reporter: but then, chilling news. poli
a big question in that badly wounded nation, did he act alone? and there is a new death toll in this as well. nbc's martin fletcher has been covering the story from the start. he's with us tonight from oslo. martin, good evening. >> reporter: good evening, brian. norway's police today said fewer people have been killed than thought, not 93, but 76, with some still missing. that is small relief for a country that can hardly believe what just happened. anders breivik was brought to court...
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i'm contessa brewer covering the big news coast to coast. the big story, dysfunction junction. seven days and counting to the august 2nd debt default deadline. the two sides seem even further apart. >> right now there's no danger of any bill getting to the president's desk because we're at stalemate. >> it seems an edge bridgeable gap. >> the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> in back-to-back speeches president obama and house speaker john boehner laid out duelling debt plans. >> we can't allow the american people to become collateral damage to washington's political warfare. >> president obama pushing what he calls a balanced approach. including spending cuts and raising tax revenue. >> the sad truth is that the president wanted a blank check six months ago and he wants a blank check today. >> john boehne
i'm contessa brewer covering the big news coast to coast. the big story, dysfunction junction. seven days and counting to the august 2nd debt default deadline. the two sides seem even further apart. >> right now there's no danger of any bill getting to the president's desk because we're at stalemate. >> it seems an edge bridgeable gap. >> the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> in back-to-back...
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that's the big kahuna. that's the big kahuna. this is above the fold, banner headline, throw it up there again. the reporter had nothing to do with this. this was we sit down. we decide. wait, alicia, i want everybody to know how this works. the editors of the "new york times" sit down. they have decide what their lead story is going to be and what their above the fold headline is going to be. then they put it there. the reporter has nothing to do with it, okay? this was an intentional, without a doubt, intentional brand of a mass murderer as a christian. it is appalling. this is a serious situation, ladies. this isn't mistake or sloppiness or laziness. this is appalling. go ahead. alicia? >> i think that we can agree that it's appalling but we can also agree that there is another narrative going on here which is that this man was clearly very radical in his beliefs. this is not him just r rmly opening fire. >> bill: that's a political situation, which is different. >> my point bill is that that to me is the greater crime here. t
that's the big kahuna. that's the big kahuna. this is above the fold, banner headline, throw it up there again. the reporter had nothing to do with this. this was we sit down. we decide. wait, alicia, i want everybody to know how this works. the editors of the "new york times" sit down. they have decide what their lead story is going to be and what their above the fold headline is going to be. then they put it there. the reporter has nothing to do with it, okay? this was an...
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go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think that's a much better approach, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. >> that was the president addressing the nation from the east room earlier this evening. joining me now is jerrold bernstein, the former chief economist to vice president biden. he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compro
go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think...
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he was a big band guy. but he her this music that i was listening to and he goes, you know, it's pretty good. my dad was very cool. he could preach a sermon and tell you who played ba eed basse animals which i thought was great. ♪ i get around "i get around" by the beach boys. when i was about 13 years old that song came out in the summer. so it really brings back the memories of being 14 and jusust almost emerging into getting your own car, getting a job, getting into high school next year. so i get around was like one of the great, great records of all time. ♪ she loves you and you know you should be glad ♪ "she loves you" by the beatles. i was painting the inside of my house in phoenix and listening to normal top 40 radio. all a sudden i heard this sound that i'd never heard before and it was these guitars. and thesee drums. and it was so happy and so up. i went, wow, that's great. to this day, every time i hear that song, i picture myself painting the -- inside my house. ♪ why don't you all fade
he was a big band guy. but he her this music that i was listening to and he goes, you know, it's pretty good. my dad was very cool. he could preach a sermon and tell you who played ba eed basse animals which i thought was great. ♪ i get around "i get around" by the beach boys. when i was about 13 years old that song came out in the summer. so it really brings back the memories of being 14 and jusust almost emerging into getting your own car, getting a job, getting into high school...
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. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracey potts has more from washington. >> we're now one week away from the deadline for default and it looks like the white house and congress are no closer to a deal. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before. and we can't afford to play it now. >> reporter: president obama is taking his behind closed doors fight public, urging taxpayers to pressure republicans into considering taxing the wealthiest americans. >> the pre
. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit...
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>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been following it, where do the -- do both plans stand right now? you have harry reids and john boeh
>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real...
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i think that is a big step in the right direction, and we put real caps in place. i do not have the numbers at my fingertips. i just know it will be less than last year. >> some members of congress were saying that the bill would allow for more spending than the ryan budget. >> i would much rather have the house republican budget. but remember, this was the product of a bipartisan negotiation. that is why it is not exactly everything what we wanted it to be. >> are you confident you can pass given the conservative push back? [inaudible] >> listen, this was negotiated in a bipartisan manner between both houses of congress. i think we will have some work to do to get it passed, but we will do it. >> the markets are down this morning, credit rating agencies still threatening to downgrade our credit rating. is this plan enough for the markets? >> i do believe it is enough. when the joint select committee gets together, they are required to find cuts of at least $1.80 trillion. they could do more, but it is time for congress to do their work. the per step in the process
i think that is a big step in the right direction, and we put real caps in place. i do not have the numbers at my fingertips. i just know it will be less than last year. >> some members of congress were saying that the bill would allow for more spending than the ryan budget. >> i would much rather have the house republican budget. but remember, this was the product of a bipartisan negotiation. that is why it is not exactly everything what we wanted it to be. >> are you...
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so let's break it down with the big boys. charlie cook, publish of the cook report and stu, editor of the rot then berg political report. >> he's already making fat jokes. >> by the way, it's louisiana week. i had john brill here yesterday and i get charlie today. we can look at where we are, busting out the ipad. i know that you guys love this. it's a 53/47 majority. they have to net four or three if republicans get the presidency. so let's look at the best opportunity for stu for the republican. we put up, you seem to collectively agree, six states that are already leaning republican or pure toss ups. >> north dakota was in the bank already. it's a good, open seat. and then after that you go to three or four races and i think even money for the republicans and you have to like how they started. that would be nebraska, montana, or missouri in difficult states fundamentally leaning states. >> look, charlie cook, you take those four, pure toss ups all the way to election day, take those other four. of those four, which ones sh
so let's break it down with the big boys. charlie cook, publish of the cook report and stu, editor of the rot then berg political report. >> he's already making fat jokes. >> by the way, it's louisiana week. i had john brill here yesterday and i get charlie today. we can look at where we are, busting out the ipad. i know that you guys love this. it's a 53/47 majority. they have to net four or three if republicans get the presidency. so let's look at the best opportunity for stu for...
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we need to do big things and needed to have done big things. the fact the president won't agree with bigger things, maybe some blame is on us as republicans for not being flexible enough. but the fact is that the country needs to do these things. since we're not going to get a big thing done, the thing to do is do a small thing and try to get the country behind doing the big thing. >> the gang of six. do you have any agreement that was something that republicans could live with and do you think democrat woz have lived witness as well? >> i think some. my distaste is that it's better than nothing. it's far better than anything we've got there now. it's -- it in fact recognizes the we have to reform the tax code. there are some revenue increases in it. but the biggest problem why we're having trouble is because we zront a big friendly climate in this country that would stimulate all new jobs, last owe years have come from new business. new businesses have created and we're stifling that in terms of what we've done to credit market and regulations
we need to do big things and needed to have done big things. the fact the president won't agree with bigger things, maybe some blame is on us as republicans for not being flexible enough. but the fact is that the country needs to do these things. since we're not going to get a big thing done, the thing to do is do a small thing and try to get the country behind doing the big thing. >> the gang of six. do you have any agreement that was something that republicans could live with and do you...
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>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been following it, where do the -- do both plans stand right now? you have harry reids and john boeh
>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real...
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that is that congress establishes budget cuts big enough to satisfy the credit agencies. stocks would make our run at new bull market highs. it cannot pass a sizable plan, the downside would be limited to 10%. scenario 3, the worst outcome -- let's go to maryland, angela, an independent. caller: i'm a first-time caller. i am a social conservative and a fiscal conservative. i used to both the republican party from my local elections to the presidential elections. the worst thing that happened to the republican party is eric cantor. he reminds me of a child is totally intransigent. he is rude to the president and shows he is all talk and he cannot stand the heat in the kitchen. the tea party has taken over the republican party. why should grover norquist ask republican members to sign a pledge to him? he has not got our country. the republicans no longer represent me. they are behaving like a step further wives. -- stepford wives. this is not the reagan republican party that i used in them. this is really pathetic. people need to stop talking about social security as an ent
that is that congress establishes budget cuts big enough to satisfy the credit agencies. stocks would make our run at new bull market highs. it cannot pass a sizable plan, the downside would be limited to 10%. scenario 3, the worst outcome -- let's go to maryland, angela, an independent. caller: i'm a first-time caller. i am a social conservative and a fiscal conservative. i used to both the republican party from my local elections to the presidential elections. the worst thing that happened to...